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pizzey, cbs news, cairo. >> glor: back in washington president obama and house speaker john boehner did meet at the white house this afternoon for more talks on the fiscal cliff. details were not released but both sides say lines of communication remain open. on face the nation erskine bowles co-chair of the bipartisan deficit commission told bob schieffer he's a bit more optimistic than he was a week ago. >> we were going through the kabuki theatre, one side making an offer, the other rejecting it and that is pretty natural in any deal. but you know, they've started to tango now and you know any time you got two guys in there tangoing you got a chance to get it done. >> glor: meanwhile urging both sides to get this done jeffrey immelt chairman of general electric spoke to charlie rose. >> i would say the business community almost universally speaks with one voice that this needs to get done and get done now. and moving it to next year is just failure. >> glor: you can see the full jeffrey immelt interview first thing tomorrow on cbs "this morning." >> big business is together in wantin
to the united states. the latest on that stand off is next. washington insiders say it is up to president obama and the house speaker boehner to work out a deal to avoid the fiscal cliff what if they say we have a deal, wouldn't players on both sides, the tar right and the far left, be angry? would it make more sense to wait until the last minute and then tell us? could that be what is going on? >>shepard: north korea is reportedly planning a rocket launch. technical glitch forced officials to add an extra week to the take off window. they now report the launch will take place some time before december 29. officials claim they are trying to put a satellite in space but the united states does not believe it. they say the regime is planning to test a long-range nuclear capable ballistic missile. the navy moved warships to the region to track and possibly defend against the planned launch. defend. and now the news from washington, dc. what are foes saying in the united states about this? >> only that the delay appears to is done nothing to dissuade north korea from moving ahead with what is believ
house and congress had three weeks to reach a deal on the dispool cliff as president obama, house speaker boehner and their aides hold private talks americans wait to see if their tax rate will go up january 1st. for some without a job they risk losing unemployment. kyung lah talks with a woman who has been out of work a year while trying to raise two children. >> reporter: liz calls it a financial freefall. >> i wish i wasn't in this situation but it is what it is, and i could just do what i can. >> reporter: de bats lost her job as a new home sales manager last january. on an old laptop with a broken cord she keeps track, averaging 15 applications a day, at age 54, this is the first time she's ever been on unemployment. she's emptied out her 401(k), her savings and now the last resort, the emergency federal jobless program has department de bats in her town home giving her $450 a week. on december 29th unless the congress acts, the money stops. >> we're not living off the system. it's not a luxury to be on unemployment. it's a means to keep us going. >> reporter: the fear of the
-to-face meeting between president obama and house speaker john boehner. danielle nottingham reports for we'll wjz, wash -- wjz, washington. >>> president obama is selling his plan to avoid the fiscal cliff to auto dealers near detroit. >> i want us to bring down our deficits. but i want to do it in a balanced, responsible way. >> the president's latest campaign appearance follows a meeting with house speaker john boehner. sources tell cbs news, both sides remain hopeful. but little progress was made. the president has made has made clear, any deal must include the wealthiest americans paying more taxes. if the president and speaker boehner can't reach an agreement to avoid the fiscal cliff, taxes for all americans will go up and across-the-board spending cuts will kick in on january 1st. >> reporter: there are signs some republicans are now willing to compromise on taxes, if they can secure cuts to social security, medicare, and medicaid. >> you give the president the 2% he's talking about, the rate increase on the top 2%. and all of a sudden, the shif
the white house a counterproposal in response to a new plan president obama offered up privately yesterday. a boehner aide said the g.o.p. is waiting for the president to identify spending cuts, a point the speaker made on the house floor earlier today while white house press secretary jay carney called on republicans to get serious about revenue. >> where are the president's spending cuts? the longer the white house slow-walks this process, the closer our economy gets to the fiscal cliff. now, if the president doesn't agree with our approach, he's got an obligation to put forward a plan that can pass both chambers of the congress. because right now the american people have to be scratching their heads and wondering when is the president going to get serious? >> on that question of whether or not we have put forward specific spending cuts, the answer is is we have. not only that, we signed law a trillion dollars in specific spending cuts. so if you combine what is signed into law with what we proposed versus the total absence of any specificity from the republicans for a single dollar in r
taxpayers. president obama left the white house and headed to this house. a home in falls church where this high school teacher shares with her parents, her husband, and her son. >> this is a solvable problem. >> reporter: the trip was arranged after santana contacted the white house describe how the $2,200 more in taxes would affect her family. >> a couple thousand means a couple of months rent for this family. >> reporter: president obama said that he supports keeping the bush era tax cuts for the middle class in place but ending them on incomes over $250,000 if there is no deal by new year's, everyone pays more. >> if this family has a couple of thousand left to spend, that translates into $200 billion of what consumer spending next year and that is bad for businesses, large and small. >> reporter: they won't support tax hikes but will support raising revenues by limiting tax deductions, closing loopholes and cutting spending. >> i think it's safe to say at that point that the president is not interested in a balanced agreement. he's not particularly interested in avoiding the fisca
worldwide. now back to "hardball." ♪ >>> welcome back to "hardball." last night president obama and house speaker john boehner met one-on-one at the white house to crunch a fiscal deal. it was 69 first time the two men met alone like this since the summer of 2011. the last time they tried to hammer out a deal. well, the president was in michigan today speaking before autoworkers and selling his tax plan. let's listen. >> if congress doesn't act soon, meaning the next few weeks, starting on january 1st everybody is going to see their income taxes go up. it's true. y'all don't like that, huh? we can solve this problem. all congress needs to do is pass a law that would prevent a tax hike on the first $250,000 of everybody's income. everybody. that means 98% of americans and probably 100% of you. >> in some republicans are slowly but steadily fatesing a reality on the fiscal negotiations. leading the way, senator bob corker of tennessee. >> there is a growing group of folks that are looking at this and realizing we don't have a lot of cards as it relates to the tax issue before year end. i me
obama and house speaker boehner can strike a deal, it's important to point out how fragile any deal would likely be. joining me now, nbc news deputy political editor do min coe montenaro. >> you mind up punting to other deadlines, you could wind up with another deadline, another in february, something like that. that's -- that could be what they wind up doing and these are a lot of things always on the table, a lot of these kinds of options but we'll wait and see. i was curious to see john boehner's tone and wasn't try gent. he wasn't saying there's a deal but he wasn't saying, you know, we're nowhere. like he had been saying before. >> when you assert the spth not serious, that is not, hey, we're working on something here. unless you can read in to that something different. >> if you follow the logic saying you're not sere youz because there aren't specific cuts then if there are then it holds that he is being serious then i guess you would think that in the next few days, five, seven, seven, eight days you might see specifics. i think what you are seeing is a pr battle where you s
-down time in washington. president obama and the democrats, versus the house republicans and the so-called fiscal live. after weeks of negotiations, publicly, at least, talks have stalled, as the two sides have battled it out over tax hikes hs and entitlement reform. but what can be done about the nation's out-of-control spending. tim murphy is here now. chairman of the house oversight and investigations subcommittee for the energy and commerce committee. good to see you in person. welcome to new york. >> who do you think is going to blink? president obama says he wants the tax hikes to go up on the wealthy. >> we both better get together and come up with a solution. that's what the american family wants. all the other issues, we have to remember, it's what takes place, not at the 30,000 foot level, but at the kitchen table level. that's where the people are very concerned. will they have a job tomorrow? will their children have a job in the future? that means we have to deal with the deficit and the spending. we cannot continue to do this. the president's issue of unlimited power t
. >>> but, first, president obama hit the road monday leaving the white house for a blue collar backdrop as he pushes for higher taxes on the wealthiest americans. >> the president's trip to michigan followed his closed door session with john boehner that had speculations swirling as the fiscal cliff deadline draws near. the very latest from washington. hi, karen. >> good morning, rob, good morning, paula. aides to president and john boehner say they're not going to do the fiscal cliff negotiation through the media and they're doing a really good job on trying to keep a tight lid on how the negotiations are going. outside detroit, president obama issued a warning of what may happen if middle class tax rates go up. if the nation heads over the fiscal cliff. >> consumer spending will go down. that means you've got less customers. businesses get fewer profits. they hire fewer workers. you go on a downward spiral. >> reporter: the president met with house speaker john boehner at the white house. their face-to-face meeting in three weeks. neither side would offer any details from the discussi
, good evening. we're just now learning that president obama spoke to house speaker john boehner by phone this afternoon. but we're not hearing of any progress on avoiding the fiscal cliff or on raising the nation's debt ceiling which is currently at $16.4 trillion. there are new concerns about what could happen to the country's credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limit. president obama talked to business leaders today. >> the only thing that the debt ceiling is good for as a weapon is to destroy your credit rating. >> reporter: he's worried republicans may re newsto raise the country's debt ceiling to get their way on spending cuts and risk defaulting on the country's loans. >> that is a bad strategy for america. it's a bad strategy for your businesses. and it is not a game that i will play. >> reporter: republicans are pushing back. >> he's the president, not the emperorer. >> reporter: fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising reven
. house speaker john boehner hittinging the house floor a short while ago. president obama wants the house to allow tax increases, tax rate increases on families earning more than $250,000 a year. house republicans have an offer on the table. they say they're waiting on the president. >> the president doesn't agree with our approach, he has got an obligation to put forward a plan that can pass both chambers of the congress. because right now the american people have to be scratching their heads and wondering when will this president going to get serious? >> we're basically looking at the same impasse today we were looking at a couple of weeks ago but there is some talk at least beyond fiscal issues in the country on capitol hill. we met up with the incoming chairman of house financial services committee and asked him about the idea going around washington whether or not we should break up the big banks? >> there is certainly a role for the city banks and jpmorgans in the world. i meet with a lot of smart people. i haven't had anyone smart enough to tell me what the optimism size after bank
.s. house, spending began to tick back up. and as we entered the obama years, mr. speaker, here is the largest deficit in american history recorded during the bush administration, this is the annual deficit recorded in the obama administration. not twice as large than the largest deficit in american history. not three times as large as the largest deficit in american history. but almost four times larger than the previous largest annual deficit in american history was the first year deficit recorded in the obama administration. we tip, that was the first time ever we run trillion dollar deficits, we continue to run trillion dollar deficits throughout that time. tax policy hasn't changed during that time. tax policy is exactly the same. you hear in the newspaper all the time, mr. speaker, the bush tax cuts. i don't know that that has meaning anymore. in 2001 and 2003 we did do some dramatic changes to tax policy. president obama extended all of those changes in 2010. that's the law of the land still today. tax policy has been exactly the same over this continuum. what has changed
fiscal cliff at year's end. aides to president obama and house speaker john boehner, sitting down on thursday. but no progress was made. the sticking points, tax rates for wealthy americans, a possible lifting of the nation's debt ceiling and cutting spending on entitlements. >>> and in yet another bizarre twist in the bizarre saga of software tycoon john mcafee. mcafee was rushed to the hospital thursday from a detention center in guatemala city, after complaining of chest pains. he's now back in his cell and could be send back to belize, where police want to question him about the murder of his neighbor. >>> now, here's diane sawyer with a preview of tonight's "world news." diane? >> so, josh, it's friday. it's great to talk to you. and how about a holiday tradition for years? everybody wondering, what happened to the determined little boy they loved? well, he's all grown up. and he has a perfect gift for you. tonight, behind the scenes of a christmas classic. and he is our "person of the week" tonight. >> cannot wait to see that. >>> and finally, well, we would be remiss if we
says president obama believes he can cut a deal with house republicans to keep from all going over the fiscal cliff. the president is refusing to compromise on letting tax cuts expire on incomes of more than $250,000 a year. g.o.p. leaders are calling that a job killer and a deal breaker. of course, if we fall off the fiscal cliff, we'll all die, right? actually, taxes will go up for pretty much everybody and automatic spending cuts kick in on knew year's day. the president and the house speaker met face-to-face just yesterday for the first time since the election, but are they talking about it? no. today an aide said the speaker is willing and still waiting for counteroffer from the president. ed henry is live at the white house. i don't know, ed. a meeting happens and nobody says anything. this could be seen as something more good than bad. >> reporter: exactly. because they didn't come out of the meeting beating each other up and saying i'm never going to sign a deal with the other guy. the fact that they're keeping this quiet, hush hush for now in terms of the details of what t
that makes it harder. >> and tell us something about the obama white house that we don't know. >> what does obama think of mitt romney? what does he really think? and i think he feels that romney is incompetent because he didn't run a better campaign. and i suspect that one of the themes in all the coverage of the campaign is going to be romney never found a way to -- either the method or the theme of how to run against obama. whereas they thought it was going to be easy. >> we're about to give the hook here. what is the one thing you would like to know about president obama that you don't? >> oh, i did ask him this. i didn't put it in the book. he keeps a diary. and so i'd like to have access. [laughter] >> assume that's for -- >> do you keep a diary? yes. not on all this detailed kind of -- let's see it. so that's going to -- i'm sure he will write a really interesting memoir. >> what did he tell you about the diary? >> that it existed. no detail. he didn't offer any of it or read from it or anything like that. i'm -- is it dictated? is it written? you know ronald reagan kept his deiry th
and means testing and medicare. those are the things that house speaker boehner and president obama talked about in july of 2011. that is going on behind the scenes. that's the sticking issue and so on the debt ceiling. if president obama wants them to give on taxes, he must give on that. if he doesn't, we will go over the cliff and he is looking at a bigger fight in january over the debt ceiling. everyone is focused on the tax issue, but the real focus is what is in exchange for a debt ceiling increase. is it substantial medicare reform? >> i don't agree that the press is not talking about it. we know that is the big battle ahead. i think that part of the confusion and your point, all of these republicans, both those that are elect and control the radio airwaves have all said we are going to see the tax rate for the wealthiest americans go up. for some reason, we can't or we won't any time soon see speaker boehner get before a microphone and say we know this is part of the deal. to that point, what do you make of the negotiations. at least the finger points and i'm not doing this and you
the fiscal cliff. >> you have to nail this down. >> house speaker john boehner and president obama have resumed negotiations. democrats are standing firm against a plan to keep tax breaks for the wealthy. >> i see their proposal as an assault on the middle class. >> we are not going to negotiate this now. >> now there's a new twist. president obama wants to authority to borrow more money without being blocked by congress. >> he is assuming unprecedented power. >> the job numbers could tell another story. millions hoping washington can work this out. >> the closer it gets to the brink, more stressed they are going today. >> the president will not budge on raising tax rates for the wealthiest americans. there is no plan b. tracie potts, wbal-tv 11 news. >> now insta-weather plus and traffic pulse 11 together. >> good morning. sarah caldwell checking on your morning commute. overall, we are doing pretty well. there is an accident on york road at fox tail road. no problems down to the beltway. 95 south from the white marsh area. you can see the brake lights falling into place. 16 miles per
both houses. meanwhile, the white house said tonight president obama has a two-step plan. the first is to extend the middle class tax cuts while allowing cuts for the wealthiest americans to expire. the second is to call for tax reform by august 1st of next year. in the meantime, the nation's debt ceiling is looming in january. the president's warning republicans not to include any debt limit concessions in their fiscal cliff strategy. >>> we have had a lovely week around here. but it's time to get back to a little december reality. >> would you look at that. veronica has a look at another change coming our way. what about it, veronica? >> do you like that sunset? isn't that gorgeous? >> it's lovely. >> fiery red there on the horizon. and not a bad day. the wind picked up a bit. that northwesterly wind behind the cold front that came through very early this morning. high temps in fact for today, 60 degrees. that was at 5:00 a.m. we now stand in the mid-50s. pretty much falling temps all day. now 55 degrees. trinidad, and good afternoon to you folks in tyson's corner. up north, alrea
, president obama is back up in the white house four more years. [ applause ] how black is that? >> bill: now, some were upset by fox's monologue but not me. he is obviously being satirical. yes he goes into offensive area but that's what is satiriss do. i do not see anything hatedful in foxx's monetary i do not believe jamie foxx wants white people dead. he has latitude because his ancestors were slaves he can speak to that and given more room than someone who does not share that experience. hate speech is very specific. it's dine to marginalize and opponent. business rival or someone else the hater doesn't like. hate speech is a cheap way to retreat. when you think about it labeling someone a bigot, racist, homophobe, whatever is a form of violence. you want on lookers to join you in harming the person you are defaming. that's why we are on this campaign. we will let you know exactly hot offenders are in very vivid terms. and that's the memo. now for the top story tonight. what about this jamie foxx business? joining us from new york our barack and hard place duo monica crowley and alan col
to tell you right now speaking of blackness, my president, president obama is back up in the white house four more years. [ applause ] how black is that? >> bill: now, some were upset by fox's monologue but not me. he is obviously being satirical. yes he goes into offensive area but that's what is satiriss do. i do not see anything hatedful in foxx's monetary i do not believe jamie foxx wants white people dead. he has latitude because his ancestors were slaves he can speak to that and given more room than someone who does not share that experience. hate speech is very specific. it's dine to marginalize and opponent. business rival or someone else the hater doesn't like. hate speech is a cheap way to retreat. when you think about it labeling someone a bigot, racist, homophobe, whatever is a form of violence. you want on lookers to join you in harming the person you are defaming. that's why we are on this campaign. we will let you know exactly hot offenders are in very vivid terms. and that's the memo. now for the top story tonight. what about this jamie foxx business? joining us from new
, after president obama and house speaker john boehner both were tight-lipped how the negotiations went. the co-founder of the fix the debt campaign, he was asked about the chances of striking a deal to avoid the cliff. >> it's probably more like a 40% chance we'll actually get it done before the end of the year. probably 25% chance we'll get it done right after the end of the year. and then there's that horrible 35% chance that we'll still go over the cliff and have pure chaos. but i think the chances of getting it done now are better. i think that's what's key. >> be sure to tune in tomorrow for the fiscal cliff coverage live from washington. mission critical, rise above d.c., all day long. becky quick, jim cramer, maria bartiromo holding their feet to the fire about where they stand on the fiscal cliff and how they'll do their part to rise above partisan politics and reach a deal. now, there are some bowles comments. 40%, yeah, but the odds are much better. they're still 35% chance it will not happen. it's not exactly confidence building. >> not necessarily confidence building. alway
's economy will eventually collapse: president obama needs to invite jeffrey hillman to the white house. he needs to talk to the man with no shoes. he needs to see what is actually happening in this country. got to get real about government spending. and that's the memo. now for the top story tonight and this is incredible. the pennsylvania department of public welfare says that a single mother with two children is better off taking a job that pays $29,000 a year than a job that pays $69,000 a year. why? because of entitlements. joining us now from our new york studio fox business anchor lou dobbs. so, lou, explain, this please. >> well, bill, first i think we have got to give great credit as you mention to the department of public welfare in pennsylvania they are being honest and straightforward and i wish the federal government as i know you do would listen. think about these benefits being received by this woman. 25,000 in a take home salary of $57,000. you add to that all of the expenses that we go through whether it's child care, whether it is transportation. in the instance one parent
driven, results oriented. they are looking for compromise in washington. is it a pro-obama group or republican? it is really its own group. host: who are some of the names people might recognize, the ceo's of which companies? guest: the efforts the white house has made this year is much larger and much more effective than it was last year. they are bringing in more people with business ford but with a lot of other organizations as well. the president spoke with financial services leaders and has brought in two groups of big-name ceos. -- the president has spoken with business forward. of out of 10 per ceo's small companies. -- tend to be ceo's of small companies. smaller investors, smaller business owners. host: what are the members concerns with the fiscal cliff stocks? guest: for most small-business owners and senior executives at big companies, the fear is that going over the cliff, even on a technical term, will increase their borrowing costs and will put our economic recovery at risk. most business leaders point to simpson-bowles. they understand that we have to raise reven
me. >> john boehner has sent president obama a counterour. a spokesman for house speaker boehner declined to share details of the offer but said the proposal would solve our looming debt crisis and create american jobs. we're still waiting for the white house to identify what spending cuts the white house will make and the longer the white house slow walk this is policy the close we get to fiscal cliff. we'll hear what senate leaders had to say today they spoke for 15 minutes at the capitol. >> it's time to see if the president is willing to make any cuts at all and whether he's willing to lead his party in making an agreement with us. the senate democrats have ruled out any spend regular duckses at all. if you look at the problem we have, it's overwhelmingly that we spend too much, we spent our time and you all have written about it because so much of the discussion has been about it, talking about increasing taxes on the top two rates. even if you did that it would provide enough money to run the government for eight days. clearly that doesn't have anything to do with getting
you live to today's white house briefing scheduled to start at 1:45. the word is president obama >>> mr. speaker, last week the averlicans made a serious offer to the fiscal cliff and most of year bas based on testimony givn last year by president clinton's former chieffo of staff erskinbowles and as he set himself on sunday, we have too t cut spending. well, he's right. has a speg washington has a spending be hone let's be honest, west are broke. president's call for a balanced approach. a lot of people know that the president and i met on sunday. it was a nice meeting. it was cordial. we're still waiting for the white house to see what spending cuts the president is willing to make as part of the balanced approach that he promised the american people. where are the president's spending cuts? the longer the white house slow walks this process the closer our economy gets fought fiscal cliff. -- gets to the fiscal cliff. here's what we know. we know that the president wants more stimulus spending and an increase in the debt limit without any cuts or reforms. that's not fixing our
the democratic party in the home of president obama. it was accompanied by this picture of him taken at the white house with his voter registration form. i'm joined now by former florida republican governor, democrat, charlie crist. gov new york city i will always call you governor. it may be more appropriate some day, but it's an honor to have you on this show. i just happened to hilt you up with a hardball question. peter freeman said you sat at his table, not too long ago, his breakfast table. and you said i am a ronald reagan republican. were you then -- are you now so changed that that's not true? >> i think the party has changed is what's really happened. i think regan is a great kparm. my friend, jeb bush, said not long ago, that ronald reagan would probably not be successful in today's republican party. that tells you everything you need to know. and i think it's the leadership of the party more than the membership. what's happened on issue after issue, and you know this better than i do. whether it's immigration, education, voter suppression, what the leadership has done is, say on immig
deposed as speaker. either way, the republican house would be neutered, giving obama a free hand to dominate washington and fashion the entitlement state of his liking. what should republicans do? stop giving stuff away. if obama remains intransigent, let him be the one to take us over the cliff, and then let the new house, which is sworn in weeks before the president, immediately introduce and pass a full across-the-board restoration of the george w. bush tax cuts. >> so i don't think that's inconsistent with anything that i just said. i agree with him 100%. what have i been saying for a week? do not cave. compromise. do not cave. if the president doesn't want to meet us halfway on massive entitlement cuts, on reforming those systems to save medicare and medicaid, social security, cutting defense, reforming the taxes, then do not meet -- if he doesn't want to meet halfway, but i've got to tell you, i am heartened with what i saw in the president's tone yesterday. i loved hearing him tell a group of americans yesterday, hey, we're going to get this thing done. i feel good about i
county struggles of the middle class. mr. obama sat down with tiffany and richard santana. they're living with tiffany's parents in their effort to make ends meet. tiffany wrote to the white house about how across the board tax hikes would affect them. she did not expect a personal visit, though, from the president. >> so overwhelming to know that the leader of the free world is sitting at your kitchen table. being more like a $4,000 tax increase for us, which would be relatively devastating for our family. >> republicans are refusing any deal that raises taxes. the president says he'll only sign a deal that raises taxes on the wealthiest 2%. >>> there is a newest mat tonight on the cleanup costs from superstorm sandy. new jersey's governor chris christie says the storm caused $37 billion in damages to his state alone. today he made the rounds at the white house and on capitol hill. he's asking lawmakers for an additional $88$83 billion in zafltzaflt disaster aid for his state and new york and connecticut. >>> tonight dozens of couples are officially to tie the knot in maryland. governor
taste this soup. >>> i'm craig melvin. president obama want congress to cut a check for $60 billion in aid to hurricane sandy victims. house leadership hopes to get the money flowing fast. >>> video captures a 7.3 quake off the coast of japan. several people were reportedly hurt. >>> and sad news from the london hospital where kate middleton was treated. a nurse who fielded it the call that was a hoax call has taken her own life. she was a first-class nurse, says the hospital. back to "hardball." >>> well, this isn't a progress report because there's no progress to report. when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house has wasted another week. >> welcome back to "hardball." that was speaker boehner's downbeat assessment of fiscal negotiations. he went on putting blame squarely on the president. let's listen. >> this president has adopted a deliberate strategy to slow walk our economy right to the edge of the fiscal cliff. it's time for the president, if he's serious, to come back to us with a counteroffer. >> shortly after, hou
with the president, house speaker john boehner says the white house is stone walling. >> when it comes to the fiscal cliff that's threatening our economy and threatening jobs, the white house is has wasted another week. >> reporter: this morning in his weekly address, president obama is holding a hard line on raising rates for the wealthy. >> and if we're serious about protecting middle-class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >> reporter: but how much higher could be the key. the top tax rate is set to rise from 35% to 39.6% on january 1st. when asked if a middle ground could be found, both boehner and biden showed some wiggle room. >> the top brackets have to go up. it's not a negotiable issue. theoretically we can negotiate how far up. >> reporter: at another local restaurant, the owner has seen enough of washington gridlock. >> i wish those lawmakers would get their [ bleep ] together and get it done and try to help everybody. it would be good if they could do it before the holidays are over
. house minority leader nancy pelosi slammed the gop's proposals. >> that's not negotiating. that's hostage taking. >> pelosi and other democrat respect pushing for president obama's plan. it would extend the bush tax cut for the middle class but raise taxes on incomes over $250,000 a year. republican senator jim demint calls the idea quote, outlandish. >> republicans should not be conceding that the federal government needs more money negotiating with ourselves and teating the president's proposal like it's serious. >> republican house speaker john boehner has come out against any tax hike and has refused to bring the democratic plan for a vote. >>> the dow fell almost 14 points. nasdaq lost 5 1/2. the s & p fell 2 1/2 points. >>> yahoo is buying another silicon startup. sunnyvale's yahoo acquired on the air today. the service enables users to hold online video chats in a talk show foremated. >>> a monstrous typhoon has killed 74 people in the philippines and the deattoll is expected to rise. 23 of the people drowned in flooding caused by the typhoon. the storm made landfall yest
with people across america. a new quinnipiac poll proves it. 53% trust president obama and the democrats more to handle the fiscal cliff negotiations. only 36% trust the "r"s in congress. joining me is nbc chief white house correspondent and political director and host of "the daily rundown," anything else you control around here? >> that's enough. >> and "the washington post's" chris cillizza. i think you've been reupped. you're all over the place. you're the greatest. the absolute best there is in this -- >> let's be careful talking about the president outside the beltway in virginia. >> this is why i want you and chris on. what is the president hoping to get done? what's his time frame? does he believe in the cliff or does he think it's a bungee jump? >> no, he truly believes in the cliff. he has been getting -- and he's getting economic warnings from his own team that say, don't believe the congressional budget office, which is kind of rosy about this, who says it would be a tough 2013 if we went over the cliff but things would get better. he is getting updates saying, no, no, no, we will
to break rank, saying he could support president obama's tax proposal. coburn joins a growing chorus of republicans from outside the house of representatives, urging house leadership to clear the way for a broad deal that would include tax increases on the wealthy. however, as we mentioned, according to "the new york times," speaker boehner is enjoying broad support from within his own caucus. and yesterday boehner stuck to his guns, favoring closing tax loopholes and capping deductions. to raising taxes. >> now, the revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm our economy. >> so could we just agree right now, everybody around the table, that both sides are talking about tax increases for the rich? >> i think so. >> it's just a difference between do you get tax increases for the rich? do you get the revenue by raising the top rate or by closing loopholes? i mean, that is
national cable satellite corp. 2012] >> president obama travels to michigan today. he will be speaking to autoworkers in a plant outside detroit about extending the bush tax cuts for the middle class. the president met with john boehner at the white house to discuss a deal to avoid the automatic tax increases and spending cuts that are set to kick in at the beginning of next year. we will have live coverage of the prison in michigan starting at 2:00 p.m. eastern. -- the president in michigan starting at 2:00 p.m. eastern. at 5:30 p.m. eastern, how u.s. debt, economic growth, and baby boomers retiring could lead to political and economic change. also, the u.s. senate meets today to continue debate on extending insurance on higher deposit announced. live coverage begins at 2:00 p.m. eastern on c-span2. the house gavels in a tomorrow. we will have live coverage tomorrow at 2:00 p.m. eastern here on c-span. >> i think people still love discovery. they are ready to find the price -- find surprises. every month or every year i google about some show that people are talking about that you cou
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